5th Annual Trusts Essentials and Estate Planning Conference
Issues covered include: Queensland State Taxes, Discretionary Trusts, restructuring family trusts, Section 100A Reimbursement Agreements, changes to Division 7A, unforeseen tax nightmares, asset protection.
Description
Clients are now seeking more complex advice on trusts and estate planning – from unexpected family circumstances, to changing business needs to new tax legislation. Keep updated at this year’s Trusts Essentials and Estate Planning Conference, to provide your clients with advanced and customised tax solutions for their trusts and estate planning structures, to better protect their assets in life and after death.
Attend the full day and earn 6.5 CPD units
FASEA CPD Allocation: 6.5 hours in Technical Competence
All our conferences are able to count towards your CPD hours in accordance with the regulations of any industry association including CA ANZ, CPA and more. Click here to view your organisations' rules.
Session 1
Trusts Essentials
Chair: Jane Madden, Partner, Private Clients, PwC
9.00am to 9.50am: Discretionary Trusts and Queensland State Taxes: Tips and Traps
- Structuring a discretionary trust holding Queensland land: foreign surcharge considerations for stamp duty and land tax and what you can do for your client
- Structuring a discretionary trust holding a Queensland business: payroll tax considerations and what you can do for your client
- Amending a discretionary trust holding Queensland assets: what can or can’t you do
- Other tips, traps and recent changes to Queensland state taxes affecting discretionary trusts
Presented by Darius Hii, Director, Chat Legal
9.50am to 10.40am: Restructuring Family Trusts: When can Trust Cloning or Trust Splitting Enable Tax and Duty Effective Asset Transfers?
- When are trust cloning or trust splitting appropriate?
- Tax and stamp duty implications of cloning and splitting
- Trust law requirements to clone or split a trust
- Other commercial considerations when restructuring a family via cloning or splitting
Presented by Patrick Ellwood, Director, Clover Law
10.40am to 10.55am Morning Tea
10.55am to 11.50am: Tax Threats to Trust Structures: Dealing with Section 100A Reimbursement Agreements and the Proposed Changes to Div. 7A
- Reimbursement agreements
- What elements are required before Section 100A may be triggered?
- ‘Ordinary family or commercial dealings’: What is ATO’s current view?
- What are the tax consequences of Section 100A applying?
- Division 7A:
- What are the proposed new rules?
- What will be the impact on pre December 1997 loans, pre December 2009 UPEs and existing 25 year secured loan agreements?
- Are there any measures clients should consider taking before the new rules commence?
Presented by Linda Tapiolas, Partner, Cooper Grace Ward Lawyers
11.50am to 12.45pm: Trusts, Families & Death: Unforeseen Possible Tax Nightmares
- Cash payments during the year but beneficiary dies before 30 June: what happens?
- Can a discretionary trust distribute to a deceased estate? Yes, no & Maybe!
- Family trust elections (FTEs) are treated cautiously, but what are the dangers of making an interposed entity election (IEE)?
- Exploring these issues using real life client cases
Presented by Clifford Hughes, Principal, Clifford Hughes & Associates; Accredited Specialist in Taxation and Business Law; Chartered Tax Adviser
Session 2
Estate Planning Strategies
Chair: Michele Davis, Associate – Head of Succession & Elder Law, Wilson Lawyers
1.30pm to 2.30pm: Passing Control of a Discretionary Trust to the Next Generation as a Business Succession Strategy
For many families, trusts are the primary wealth holding vehicle outside superannuation if not the primary investment vehicle. Understanding how to pass control of a family discretionary trust to the next generation can be the key aspect of a family succession strategy. Avoiding family disputation is key to the process.
- Different types of discretionary trusts
- How to amend if need be
- Recent cases around estate planning, family discretionary trusts and the pitfalls
Presented by Paul Paxton-Hall, Director, Paxton-Hall Lawyers
2.30pm to 3.30pm: Strategic Structuring for Estate Planning and Asset Protection: How to Protect Clients in Life and in Death
- How structuring advice:
- can limit a client’s personal risk
- limit a client’s business exposure
- Common structuring errors practitioners should avoid
- The real threat of estate litigation and honest strategies on how to avoid it
- Ways to provide solutions that solve multiple problems and leave the client better off
Presented by Bryan Mitchell, Director, Mitchells Solicitors; Accredited Specialist in Succession Law (QLD)
3.30pm to 3.45pm Afternoon Tea
3.45pm to 4.45pm: For a Few Dollars More: Practical Tips for Deceased Estates Taxation Issues
- Income tax liability for deceased estates: the good the bad and the ugly
- Managing CGT implications: keeping a fistful of dollars
- Dealing with superannuation: any which way you can
Presented by Carrie Payne, Associate, Business Depot
Venue
Mercure Brisbane
Level 2, 85-87 North Quay
Brisbane 4000
QLD
Australia
Parking Information
Parking is not included in you registration. Here are some options below. Secure Parking at Mercure Hotel offers a discounted daily rate from $36 by validating tickets at Mercure Reception prior to departure. Click here to view rates .
Directions
Nearby Public Transport:Train Stations - Roma Street StationBus Interchange - George Square Bus Station